Elon Musk’s rise to trillionaire status marks a new era of extraordinary wealth, rapid innovation, and deepening inequality. As SpaceX expands and AI ambitions accelerate, critics warn that global wealth gaps are widening, with Oxfam highlighting rising poverty alongside surging billionaire fortunes ahead of the June G7 meeting. Oxfam says the G7 risks becoming irrelevant if it ignores inequality, while protests intensify and Tesla showrooms in Geneva are targeted. 

Meanwhile, Trump says he has authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade following a completed agreement with Iran, set to be signed in Switzerland on June 19.

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